Raising min wage and machines/robots doing jobs

[Preacher]

Anyone else realized how much of a shit storm it would bring if instead of giving people their just due when it comes to wages and prices going up a few CENTS places like Wal Mart and McDonalds use these dumb machines...the self checkout lines at Wal Mart are PERFECT example. We got 2 super wal marts here. I HATE standing in line so tend to use the self checkout most of the time...EVERY TIME I go in there to use them its either this machine doesn't give cash back,this one is cards only,this one if gift cards only,this one is cash only or they are just plain BROKEN.Its not just sometimes its EVERY TIME. I can see exactly what happens

The greedy capitalists like Wal Marts owners will lay everyone off and use machines to stock shelves and for checking out which in turn will put MILLIONS on welfare and the ONLY people that will benefit will be the people that work on these stupid machines because they will CONSTANTLY be breaking down. Along will come a place like Costco that pays decent wages and gives benefits and put Wal Mart out of business and their lies can go with them.

As usual the worker hating tea party republicans show their true ignorance when it comes to cause and affect.

 

[waltky]

Artificial intelligence in law and justice...

Robot judges could soon be helping with court cases
Tuesday 25th October, 2016 - An artificial intelligence (AI) judge has accurately predicted most verdicts of the European Court of Human Rights, and might soon be making important decisions about cases.

Scientists built an artificial intelligence computer that was able to look at legal evidence as well as considering ethical questions to decide how a case should be decided. And it predicted those with 79 per cent accuracy, according to its creators. The algorithm looked at data sets made up 584 cases relating to torture and degrading treatment, fair trials and privacy. The computer was able to look through that information and make its own decision – which lined up with those made by Europe’s most senior judges in almost every case. The researchers say that the computer judge isn’t likely to take the place of judges any time soon. But it could be used to help them out – prioritising cases that are clearly important or need to be heard, for instance.

Lead researcher Dr Nikolaos Aletras, from University College London, said: “We don't see AI replacing judges or lawyers, but we think they'd find it useful for rapidly identifying patterns in cases that lead to certain outcomes. “It could also be a valuable tool for highlighting which cases are most likely to be violations of the European Convention on Human Rights.” The researchers found during the creation of the programme that the European Court of Human Rights judges tended to look more at non-legal factors than the strictly legal arguments made in the case. In law, that puts the judges in the camp of “realists” rather than “formalists” and fits with other courts like the US Supreme Court.

Computer scientists devised an artificially intelligent programme that was able to weigh up legal evidence and moral questions of right and wrong​

The developers were able to use information like that to find that the court’s decisions relied largely on the kind of language used, as well as what topics were mentioned in the court texts. Co-author Dr Dimitrios Tsarapatsanis, a law lecturer from the University of Sheffield, said: “The study, which is the first of its kind, corroborates the findings of other empirical work on the determinants of reasoning performed by high level courts. “It should be further pursued and refined, through the systematic examination of more data.”

UCL computer scientist Dr Vasileios Lampos added: “Previous studies have predicted outcomes based on the nature of the crime, or the policy position of each judge, so this is the first time judgements have been predicted using analysis of text prepared by the court. “We expect this sort of tool would improve efficiencies of high level, in demand courts, but to become a reality, we need to test it against more articles and the case data submitted to the court.” The findings are published in the journal PeerJ Computer Science.

Robot judges could soon be helping with court cases - BelfastTelegraph.co.uk

 

[waltky]

Usin' A.I. to catch market cheats...

'Siri, catch market cheats': Wall Street watchdogs turn to A.I.
October 25, 2016 - Artificial intelligence programs have beaten chess masters and TV quiz show champions. Next up: stock market cheats.

Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly. The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.

A.I. may even sniff out new types of chicanery, said Tom Gira, executive vice president for market regulation at the Financial Industry Regulatory Authority (FINRA). "The biggest concern we have is that there is some manipulative scheme that we are not even aware of," he told Reuters. "It seems like these tools have the potential to give us a better window into the market for those types of scenarios." FINRA plans to test artificial intelligence software being developed in-house for surveillance next year, while Nasdaq Inc <NDAQ.O> and the London Stock Exchange Group <LSE.L> expect to use it by year-end.

The exchange operators also plan to sell the technology to banks and fund managers, so that they can monitor their traders. Artificial intelligence is the notion that computers can imitate nuanced human behavior, like understanding language, solving puzzles or even diagnosing diseases. It has been in development since the 1950s and is now used in some mainstream ways, like Siri, an application on Apple Inc's <AAPL.O> iPhone that can engage in conversation and perform tasks.

While financial firms are already applying artificial intelligence software for everything from compliance to stock-picking, it is only starting to become useful for market oversight. "We haven't really let the machines loose, as it were, on the surveillance side," said Bill Nosal, a Nasdaq business development executive who is overseeing its artificial intelligence effort.

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